Morning All!
Tarsus ( Tarsus (LON:TRS) ) – 334p – £377.8m – PER 18.5
Trading Update For The 12 Months To End December 2017 – In-line and the outlook for 2018 is positive “our portfolio is strong”.
Still looks OK (good Operating Margin and ROCE) but does have Net Debt of £84m (20%+ of Mkt Cap). I will remain Neutral for now.
Nanoco ( Nanoco (LON:NANO) ) – 27.5p – £78.6m – PER n/a
AGM Statement – If this is all they have to say at the AGM I wouldn’t bother turning up even for the free canapes and vino.
Stockopedia still classes this as a “Speculative Sucker Stock”. I will leave it to those with that kind of investment bias. Also looks like it may well need some more Cash soon.
Somero Enterprises ( Somero Enterprises Inc (LON:SOM) ) – 342.51p – £192.6m – PER 13.6
Trading Update For The 12 Months To End December 2017 – The Board now expects 2017 revenues will be slightly ahead of market expectations of $84.7m, EBITDA will be comfortably ahead of market expectations of $26.0m. Net Cash expected to be not less than $18.5m, well ahead of market expectations of $16.5m (intends to maintain a $15m Net Cash position). Lower US Corporate Tax, seems to be uncertainty of the benefit (or not) at present. Outlook, confident of another year of profitable growth.
I already hold here and intend to continue to do so for now. I am a little nervous though that the recent update was not clearer on the US Tax change (as a lot of revenue is from the US).
SDL ( SDL (LON:SDL) ) – 430p – £353.8m – PER 16.5
Trading Update For The 12 Months To End December 2017 – Doesn’t exactly look rosy. Warned some deals may not be closed in December and they’re STILL working on closing them.
Fundamentals here still don’t look too bad but I still reckon there’s problems here.
Quartix Holdings ( Quartix Holdings (LON:QTX) ) – 359p – £170.8m – PER 26.8
